Mortgage Calculator

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Calculate your monthly mortgage payment based on loan amount, interest rate, and loan term.

Formula

M = P[r(1+r)^n]/[(1+r)^n-1] where P=principal, r=monthly rate, n=number of payments

Loan Amount *

Annual Interest Rate (%) *

Loan Term (years) *

Tips

Enter the home price, down payment, interest rate, and loan term to calculate your monthly mortgage payment.